Monday, January 10, 2022

Debt Servicing Gulps 98% of Nigerian Govt Retained Revenue in 2021, as Salaries, Others are Funded with Loans ,

 Debts collected over the years by the present administration and the previous are causing serious fiscal headache From January to November 2021, 97.5 percent of Nigerian government's revenue was spent on servicing old debts With just a little over 5 percent revenue left, Nigerian government was forced to reply on the N4.3 trillion loan to cover other expenditures 

credit:Legit

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